UBS Group AG Trims Stock Position in Cintas Corporation $CTAS

UBS Group AG reduced its stake in Cintas Corporation (NASDAQ:CTAS) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,296,970 shares of the business services provider’s stock after selling 97,556 shares during the quarter. UBS Group AG’s holdings in Cintas were worth $243,921,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Key Capital Management INC purchased a new position in Cintas in the 4th quarter valued at $28,000. Triumph Capital Management acquired a new stake in shares of Cintas in the 3rd quarter worth $29,000. Alpine Bank Wealth Management lifted its stake in shares of Cintas by 1,092.9% in the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after acquiring an additional 153 shares during the period. Aventura Private Wealth LLC purchased a new stake in shares of Cintas in the fourth quarter valued at about $34,000. Finally, WPG Advisers LLC raised its holdings in Cintas by 90.0% during the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the completion of the transaction, the director owned 22,448 shares in the company, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 14.90% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $174.22 on Wednesday. Cintas Corporation has a 12 month low of $165.60 and a 12 month high of $229.24. The firm has a market capitalization of $69.70 billion, a price-to-earnings ratio of 49.21, a price-to-earnings-growth ratio of 3.06 and a beta of 1.01. The business’s 50 day simple moving average is $184.51 and its 200-day simple moving average is $187.40. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.Cintas’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 earnings per share. As a group, equities analysts forecast that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th. Cintas’s dividend payout ratio is presently 50.85%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CTAS shares. Bank of America started coverage on Cintas in a report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective on the stock. UBS Group restated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Stifel Nicolaus dropped their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and raised their target price for the company from $205.00 to $245.00 in a report on Wednesday, January 14th. Finally, Argus upgraded shares of Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $215.17.

Cintas Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.